>>> Europe : Brokers Upgrades & Downgrades - 11th of August 2022

>>> Up
* Komax Raised to Add at Baader Helvea; PT 300 Swiss francs

>>> Down
* Covestro Cut to Neutral at Oddo BHF; PT 39 euros
* Deliveroo Cut to Neutral at Citi; PT 110 pence
* Intl Petroleum Cut to Equal-Weight at Barclays; PT 148 kronor
* TAG Immobilien Cut to Sell at Deutsche Bank; PT 9.50 euros

>>> Initiation
* Harbour Energy Reinstated Buy at Goldman; PT 609 pence

>>> Call
* Deliveroo Cut to Neutral at Citi on Limited Upside Potential
* Komax Upgraded to Add at Baader After Schleuniger Deal
* Metro 3Q an Ebitda Beat, Lacks Details on Key Issues: Jefferies
* Zurich Insurance Results ‘Very Strong,’ Buyback Positive: MS